In this research, we analyzed the transformation of the mode of regulation in Japanese capitalism in changes in international environments and industrial structures. The main results of the research is as follows. (1) Wage-labor nexus : in this research, we grasp the characteristic structure of the Japanese wage-labor nexus by the theoretical framework of "the Hierarchical Market-firm Nexus". In the recession in the 1990s, the long-term employment of male regular workers in a large company has not shown symptoms of its complete breakdown, though the group of such workers has been much smaller. Furthermore, we have not seen the complete breakdown of incentive mechanisms of ensuring long-term employment and the "structural comparability" of institutions. (2) The financial system : Since the 1970s, "the mode of financial regulation" in Japan has undergone drastic changes due to the development of the bond market caused by the increasing amount of government bonds and the internationalisat
… Moreion of the financial market. As a result, risk management became difficult to organise well in the 1980s, and this gave a cause for the formation of "bubble" in the second half of the 1980s. In the 1990s, the "bubble" collapsed, and the pressure of debt deflation has made the recession last for a long time. (3) Industrial structures and macroeconomic structures : as a result of "export-investment growth" after the 1970s, "unproportional productivity growth" between the sectors has been produced. Under these conditions, the rate of profit started to fall at macroeconomic level due to over accumulation in the late 1980s. In the recession in the 1990s, "negative de-industrialisation" and stagnation in the tertiary industry have been lasting. (4) International relations : in the Asian region, the "wild-goose-flying shape" international division of labor has been developed on the basis of cost differentials between Japan and other Asian countries, which is the characteristic form of internationalisation in Asia. We analyzed the nested and over-determined structures of "modes of regulation" and macro dynamics both theoretically and empirically from the viewpoint of the theory of regulation.(1)賃労働関係:本研究では、日本的経済システムにおける賃労働関係の特徴的構造を、「階層的市場-企業ネクサス」という理論的枠組みで把握した。90年代の不況下で、大企業男子従業員の長期雇用については、該当する労働者の範囲がスリムする動きがあるものの、完全に崩れる兆候は、まだみられない。また、長期雇用を支えるインセンティブ・メカニズムや諸制度の「構造的両立性」も大きく崩れてはいない。(2)金融システム:1970年代以降、日本の「金融的調整様式」は国債発行に伴う債券市場の発達と金融市場の国際化によって、大きな構造変化が生み出された。その結果、1980年代には、リスク管理が不十分なものとなり、80年代後半の「バブル」形成の一因となった。90年代には、「バブル」が崩壊し、負債デフレの圧力が不況を長引かせている。(3)産業構造およびマクロ経済構造:70年代以降の「輸出・投資主導型成長」の結果、部門間の「不均等生産性上昇」が生み出された。このようななかで、80年代後半には、過剰蓄積のためマクロレベルで利潤率が低下していた。、90年代不況のなかでは、「ネガティブな脱工業化」と第三次産業の停滞が続いている。(4)国際関係:アジア圏においては、日本とアジア諸国との間でのコスト格差に基づいて、「雁行型」国際分業が展開しており、これがアジア圏での国際化の特徴的形態である。以上の「調整様式」の重層的構造とマクロ経済動態を、レギュラシオン理論の観点から理論的および実証的に解明した。 Less